MATRIXX Software Secures $9,000,000 Series B Financing Round

  • Feed Type
  • Date
    3/11/2010
  • Company Name
    MATRIXX Software
  • Mailing Address
    779 E. Evelyn Ave Mountain View, CA 94041
  • Company Description
    MATRIXX Software was formed to develop solutions that help Service Providers (SPs) address the growing volume and complexity of services that require online charging. Data and media services are exploding, yet revenue per transaction and ARPUs are declining. This means that SPs must process more and more usage for every dollar of revenue earned. They must also carefully manage costs to deal with shrinking margins. While we recognize there are many online charging solutions, both IN- and IT-based, we see a significant gap between what current solutions deliver and what SPs need to achieve service and payment method convergence and realize the revenues and costs savings promised through NGN transformation.
  • Website
    http://www.matrixxsw.com
  • Transaction Type
    Venture Equity
  • Transaction Amount
    $9,000,000
  • Transaction Round
    Series B
  • Proceeds Purposes
    Proceeds purposes were not disclosed.
  • M&A Terms
  • Venture Investor
    Greylock Partners
  • Venture Investor
    Tugboat Ventures